hthieuvn

Waiting vs. big reward? But should not gamble

FX:USOIL   Crude Oil (WTI)
141 4 10
Why market wait here after the rallying of price nearly in two days? So soon to up (as lack of support from fundamental factors) but for down maybe doesn't want to down more (or meet the end of the channel so soon too).

Both bull and bear are waiting to get chance to win.

Sorry for my complicated chart but I try to find any clues and hope it could give some ideas for some of you.
Comment: In weekly timeframe, pls. notice the first week of August 2016 vs. the first week of August 2015.
Comment: The volume has been going down with price and lower a little bit than volume in the same time in 2015. But it may says nothing and still need wait to see for the real trend line.
So you wait to go long ?
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hthieuvn ja.piotr.bor
I think this time is so sensitive and need more time to see. Thanks for your question.
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Oil is out of traders and banks hands. It's now purely and strictly following supply/demand fundamentals. Only way for price to go very bullish if opec decides to cut production. Probably in November.
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hthieuvn TTGold
Thank you for your comment and sharing your idea.
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